Here Group Limited (HERE) Earnings Call Transcripts

Here Group Limited's Latest Earnings Call - Q3 FY2026

Here Group Limited reported its third-quarter fiscal year 2026 earnings with revenue of RMB 164.7 million, exceeding the high end of its guidance. The company achieved a gross margin of 34.5%, up from 31% in the previous quarter, indicating improved operational efficiency. Despite a net loss of RMB 34.1 million, the focus on IP development and strategic cost management positions the company for long-term growth. Management revised fiscal year 2026 revenue guidance to RMB 600-610 million, reflecting current market conditions.

Reported metrics

Guidance from management

Management revised fiscal year 2026 revenue guidance to RMB 600-610 million, reflecting near-term market realities.

What management said

IP momentum depends on 2 factors: the Ips' characteristics and ongoing successful operations. To maintain this momentum, the key is to consistently deliver events, content, products and experiences that align with the Ips' characteristics and connect with our target audience.

Specifically, here is what we are doing and will continue to refine in our IP operations strategy. First, we remain focused on our core IPs. We concentrate resources on our core IPs and build our IP portfolio around them. We need steady resources to keep our core IPs running smoothly. At the same time, we closely monitor performance across the multiple dimensions to improve resource efficiency.

What analysts pressed on

Analysts expressed concerns about changes in consumer demand within the pop toy market and competitive shifts. Management highlighted the importance of emotional consumption and the need for strong IP operations.

Main topics on the call

• Revenue Performance — Revenue for Q3 was RMB 164.7 million, driven by flagship IPs WAKUKU and SIINONO. WAKUKU contributed RMB 102 million, or 62.2% of total revenue. Management noted, 'This exceeded the high end of our guidance.'
• Gross Margin Improvement — Gross margin improved to 34.5% from 31% in the previous quarter, attributed to strategic cost structure refinements. CFO Tim Xie stated, 'This margin improvement reflects the early benefits of our strategic cost structur...
• IP Development Strategy — The company emphasized its focus on IP development, with new product launches planned within 3 to 6 months. CEO Peng Li stated, 'Long-term IP momentum will always be our top priority.'
• Market Conditions and Consumer Demand — Management acknowledged a challenging market environment but highlighted consumer demand for emotional and experience-based spending. They noted, 'The market environment remains challenging, but consumers' demand for emo...

Read the full Here Group Limited transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 10 Here Group Limited earnings call transcripts on record, spanning September 15, 2023 to June 5, 2026. Based on this history, Here Group Limited reports quarterly. The most recent call on file is dated June 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HERE

Exchange

NasdaqGM

Country

US

Sector

Consumer Discretionary

Industry

Leisure Products

Calls on record

10

First call

September 15, 2023

Most recent

June 5, 2026

Reporting cadence

quarterly